Overview and Scope
Dimmer and color-tunable refer to devices that are used to control the
brightness and color temperature of lighting systems. It is commonly used in
homes, offices, and public spaces to adjust the lighting levels to meet the
needs of the users.
Sizing and Forecast
The dimmer and color tunable market size has grown strongly in recent years. It
will grow from $16.89 billion in 2023 to $18.52 billion in 2024 at a compound
annual growth rate (CAGR) of 9.6%. The growth in the historic period can be
attributed to energy efficiency regulations, consumer demand for customization,
architectural and interior design trends, environmental awareness, government
incentives.
The dimmer and color tunable market size is expected to see strong growth in
the next few years. It will grow to $25.67 billion in 2028 at a compound annual
growth rate (CAGR) of 8.5%. The growth
in the forecast period can be attributed to smart home integration, iot
connectivity, commercial sector growth, health and well-being trends,
regulatory standards. Major trends in the forecast period include advanced led
technologies, integration with smart home systems, customization and
personalization, regulatory compliance, technological innovations.
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Segmentation & Regional Insights
The dimmer and color tunable market covered in this report is segmented –
1) By Product: Dimmer, Color Tunable
2) By Light source: Incandescent And Halogen, Fluorescent, Light-Emitting Diode
(LED), High-Intensity Discharge(HID)
3) By End-User: Commercial, Residential, Other End-User
Asia-Pacific was the largest region in the dimmer and color tunable market in
2023. The regions covered in the dimmer and color tunable market report are
Asia-Pacific, Western Europe, Eastern Europe, North America, South America,
Middle East, Africa
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Major Driver Impacting Market Growth
The increasing demand for energy-saving LEDs is expected to propel the growth
of the dimmer and color-tunable market going forward. LEDs (Light Emitting
Diodes) refer to semiconductor devices that emit light when an electric current
is passed through them. LEDs have emerged as a popular choice for use in
dimmers and color-tunable lighting solutions due to their long lifespan,
color-tuning capabilities, and versatility. For instance, according to the U.S.
Department of Energy, a US-based federal agency, LED lighting is becoming
increasingly popular, accounting for 84% of all lighting installations and
offering the potential to save 4.8 quads of energy every year by 2035.
Therefore, increasing demand for energy-saving LEDs drives the dimmer and
color-tunable market.
Key Industry Players
Major companies operating in the dimmer and color tunable market report are
Acuity Brands Lighting Inc., Cree Lighting Inc., Eaton Corporation plc,
Daintree Networks Inc., Honeywell International Inc., Hubbell Inc., Koninklijke
Philips N.V., Lutron Electronics Co. Inc., OSRAM GmbH, Leviton Manufacturing
Co. Inc., Lite Puter Enterprise Co. Ltd., Cooper Industries, Schneider Electric
SE, ABB Ltd, General Electric Company, Panasonic Corporation, Sensata
Technologies Inc., Sharp Corporation, Maxim Integrated Products Inc., Linear
Technology Corporation, Vishay Intertechnology Inc., Texas Instruments
Incorporated, Infineon Technologies AG, STMicroelectronics N.V., NXP
Semiconductors N.V., Analog Devices Inc., Renesas Electronics Corporation, ON
Semiconductor Corporation, Silicon Laboratories Inc., Lifx
The dimmer and color tunable market
report table of contents includes:
1. Executive Summary
2. Dimmer
and Color Tunable Market Characteristics
3. Dimmer
and Color Tunable Market Trends And Strategies
4. Dimmer
and Color Tunable Market - Macro Economic Scenario
5. Global
Dimmer and Color Tunable Market Size and Growth
.
31. Global
Dimmer and Color Tunable Market Competitive Benchmarking
32. Global
Dimmer and Color Tunable Market Competitive Dashboard
33. Key
Mergers And Acquisitions In The Dimmer and Color Tunable Market
34. Dimmer
and Color Tunable Market Future Outlook and Potential Analysis
35.
Appendix
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